Sooo, rich folks want to sell their "homes" for more than they're worth....to poor people? And Detroit is gonna "fix" that?!!!-----Duggan unveils $40 million fund to help Detroit homebuyers

Duggan unveils $40 million fund to help Detroit homebuyers - Crain's Detroit Business
"Detroit Mayor Mike Duggan on Thursday unveiled a $40 million fund to help 1,000 buyers obtain mortgages in Detroit and overcome a gap in property appraisals that is thwarting neighborhood revitalization.
The Detroit Home Mortgage fund, the first of its kind nationwide, stems from a public-private partnership that includes five banks, community foundations, nonprofits and the state.
The money will provide second mortgages to qualified people who otherwise would be unable to buy a home and is aimed at boosting home ownership, property values and reinvestment in Detroit.
The goal is to provide mortgages to 1,000 buyers, a target that would double the number of mortgages issued in Detroit last year.
Buyers have had trouble obtaining mortgages in Detroit because loans were limited to the low, appraised value of a home..."